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GBPJPY scalpers

  • #1,341
  • Mar 30, 2008 5:06pm Mar 30, 2008 5:06pm
Quoting DutchTrader
Why would anyone long?
I long based on my chrt coz i see a retrace might happen but i still favor bear GJ is a big mover so it always (not 100%) had some 50-100pips retarce b4 a big dive. refer to my previous post i long at 197.4 SL197.2 TP 198.5 now i am in 15pips green had move my SL to +1pip I know its risky but this is forex so anything can happen just like LIFE
Attached Image (click to enlarge)
Click to Enlarge Name: chart.gif Size: 21 KB
Sometimes in order to see the light, you have to risk the dark
  • #1,342
  • Mar 30, 2008 5:08pm Mar 30, 2008 5:08pm
Quoting mktjong
Did anyone go short yet? Just curious as am still waiting for more confirmation.
If price hits 197.20 Im definitely going short, price IMO will drop 150-200 pips.
  • #1,343
  • Mar 30, 2008 5:10pm Mar 30, 2008 5:10pm
Quoting Merli
If price hits 197.20 Im definitely going short, price IMO will drop 150-200 pips.
Agreed with u n now my SL hit 1pip add into bank waiting for another entry
Sometimes in order to see the light, you have to risk the dark
  • #1,344
  • Mar 30, 2008 5:12pm Mar 30, 2008 5:12pm
Quoting Merli
If price hits 197.20 Im definitely going short, price IMO will drop 150-200 pips.
There is another support @197.30 area that is currently holding this pair ..
  • #1,345
  • Mar 30, 2008 5:15pm Mar 30, 2008 5:15pm
Well there we go, 197.18 and headed to 196
Patience + Humility + Study = Success
  • #1,346
  • Mar 30, 2008 5:17pm Mar 30, 2008 5:17pm
use a 10 sma on 15 min as resistance

Break of this the trend might reverse
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  • #1,347
  • Mar 30, 2008 5:17pm Mar 30, 2008 5:17pm
Quoting mktjong
Did anyone go short yet? Just curious as am still waiting for more confirmation.
I went short on break 197.5
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  • #1,348
  • Mar 30, 2008 5:19pm Mar 30, 2008 5:19pm
i shorted at 197.28
Fuck Forex Factory
  • #1,349
  • Mar 30, 2008 5:19pm Mar 30, 2008 5:19pm
Quoting goodbadmas
u r not alone my friend ... i am long too with 2 lots !! lets see what happens !! i had it hedged, just to be on safe side !

Goodbadmas
FOr dear life! HEH
  • #1,350
  • Mar 30, 2008 5:21pm Mar 30, 2008 5:21pm
Quoting malcolmb14
I went short on break 197.5
Good for you Malcolmb
I am still waiting another confirmation .. hopefully am not too late to get in later ..
  • #1,351
  • Mar 30, 2008 5:23pm Mar 30, 2008 5:23pm
Could be a great start to the week - giddyuupp!
History is written by the victors.
  • #1,352
  • Mar 30, 2008 5:24pm Mar 30, 2008 5:24pm
fib extension 196.92 hit

looks like 196.3 target coming
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  • #1,353
  • Mar 30, 2008 5:27pm Mar 30, 2008 5:27pm
check this out
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Sometimes in order to see the light, you have to risk the dark
  • #1,354
  • Mar 30, 2008 5:27pm Mar 30, 2008 5:27pm
Quoting mktjong
Good for you Malcolmb
I am still waiting another confirmation .. hopefully am not too late to get in later ..
with 2400 pips in a week there will be loads of other trades...... jst be patient

It is still early, ,,,, remember everyone is short

wonder if the money guys know this ????lol

Of course they do ... ever heard of a bear trap ?
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  • #1,355
  • Mar 30, 2008 5:28pm Mar 30, 2008 5:28pm
for 10 hours friday before it bounced up
  • #1,356
  • Mar 30, 2008 5:30pm Mar 30, 2008 5:30pm
Quoting malcolmb14
with 2400 pips in a week there will be loads of other trades...... jst be patient

It is still early, ,,,, remember everyone is short

wonder if the money guys know this ????lol

Of course they do ... ever heard of a bear trap ?
hahaa .. funny ..
Yeah .. I see the volatility indicator stating the market is still very thin .. but downside looks promising so far.
No hurry as you said .. 2400 pips move, just get 2000 pips is good enough
  • #1,357
  • Mar 30, 2008 5:31pm Mar 30, 2008 5:31pm
Quoting mktjong
There is another support @197.30 area that is currently holding this pair ..

It hit 197.20, this thing should drop, might see some sort of retrace but overall this should be good for at least 100 pips. IMO 150 will be my target but I might try to squeeze out 200.
  • #1,358
  • Mar 30, 2008 5:31pm Mar 30, 2008 5:31pm
Agreed with u now i am flat. Short from here look tempting but S1 is just 10pips below n tokyo is abt to open. I might long GJ again at S1 line
Sometimes in order to see the light, you have to risk the dark
  • #1,359
  • Mar 30, 2008 5:32pm Mar 30, 2008 5:32pm
gbpusd bringing down gj .

gbpusd inside bar 5 min
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  • #1,360
  • Mar 30, 2008 5:34pm Mar 30, 2008 5:34pm
I close on 196.92 fe

nice 50 pips to start the week ....

oh hold on calculated that wrong 5000 pips lol ... 10 standard lots

Every time frame from 4 min right to 2 hour has oversold rsi
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